According to Trend Micro's 2014 Threat Round Up for January-March, as law enforcement agencies are slowly being ramped up, cybercriminals are adding more layers to ensure anonymity to conceal their identities to avoid arrest.
India has made it to the top 3 most affected countries by online banking malware after the US and Japan. The country slowly rose to the top 3 due to a spike in the number of online customers in the country, which could be attributed to a vastly improved banking industry, the report said. Online banking malware creators updated their portfolios yet again with the addition of new routines to their usual weapons of choice, it added.
"The number of online bankers in India has improved the overall industry but has resulted in significant rise in malicious activities," Trend Micro (India & South East Asia) Managing Director Dhanya Thakkar said.
The mobile banking transaction volume grew along with the number of online money transfers-a-top-ranking secondary means of making inward remittances in India in Q1 2014, Thakkar added.
The report also revealed that since law enforcement activities against online theft are slowly being ramped up, cybercriminals are starting to add more layers to ensure anonymity in order to protect their identities and avoid getting arrested.
For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.